Types Of Buyer And A Seller’s Motivation
Early in the business selling process, a client looking to sell a business will need to make a decision on what type or types of buyer is best suited for the transaction. This depends on understanding seller’s motivation; for example, the need for additional resources, financial problems, or regulatory issues. Once a seller’s motivation is clearly communicated, he or she can then consider the different types of buyers and the extent to which they might match the seller’s motivation for selling, and his or her objectives.
Clients are motivated to sell their Illinois business entity for different reasons. Our Chicago corporate attorneys believe in understanding a client’s motivation and reasoning behind the decision to sell his or her business in order to provide proper counsel and find the best fit for our clients and prospective buyers.